Trading on the stock markets : shares and investment

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, May Allah SWT reward you for your efforts regarding this website. My question is about shares and investment. I work for a healthcare company and we have a company share scheme. Every month we are able to purchase up to £ 125 worth of shares and in addition to this the company gives us an additional £ 125 worth of shares as an employee benefit. The shares are held in trust for a minimum of 3 years after which it is transferred in our name and we are able to sell them at the current market price. If we hold the shares for an additional 2 years we are able to sell them free of tax. During this period we also receive dividends. Is this kind of investment Halaal ? Thank you for taking the time and reading my question,

Fatwa

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Publication Date

2007-08-15

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-786652

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